Fearful buyers - what is the source of your fear?

RelievedSheff

caprikid1 wrote: »

Can this thread please me moved to a more appropriate place.

https://forums.moneysavingexpert.com/forumdisplay.php?f=149

Or just deleted as the OP is just trolling?

System

It's healthy for buyers to share their fears about buying today. I don't know why anyone would want to stop them sharing. The people who want to stop them are not fearful buyers, and are welcome to ignore this thread if they prefer.

System

Brexit is not a particular worry of mine. Other people may be worried about its effect on the property market, but it's not really on my list.

Slithery

Diocletian_II wrote:

Fearful buyers - what is the source of your fear?

Spiders. Big hairy spiders.

It's taken me decades to get to know all of the spiders in my current rental on a first-name basis. I couldn't live with having to start the process all over again in a new property.

System

Arachnophobia is not one of my worries regarding buying. Falling prices far more so, and fear of missing out on better prices down the line.

lookstraightahead

Actually I do think it is a valid question. If people have had their fingers burnt with house ownership for whatever reason, it does make them think twice. There is far too much tactical thinking sometimes on here without looking at life events that can change things completely. I am actually "ready to buy" again with a large deposit/equity. But I don't want to, it doesn't make me feel secure, quite the opposite.

RelievedSheff

I certainly wouldn't say we did well out of our last property but it certainly didn't make us fearful of the next move up the ladder.

Why would it?

We wanted to move. We found the house we wanted and was comfortably in budget so we bought it.

If you are ready to move and find the house you want why wait and risk losing it?

A house is a home not cash cow.

PasturesNew

I am frightened that sellers with a regular/decent house for sale are not ever going to sell it. All I'm seeing is scrappy new builds, overpriced places that need everything doing to them and houses in sink estates.

System

PasturesNew wrote: »

I am frightened that sellers with a regular/decent house for sale are not ever going to sell it. All I'm seeing is scrappy new builds, overpriced places that need everything doing to them and houses in sink estates.

Yes, I agree there is nothing that I want to buy that is remotely appealing, so I will keep my wallet shut. I have read this stage of the property cycle is called a 'sellers' strike', which is presumably the name for what you describe. Historically it is followed by the stage called the 'buyers' strike', which results in falling prices. Knowing that property historically goes through this cycle makes me frightened to buy at this stage, before the next stage is playing out.

societys_child

On the other hand, when I saw a house I wanted, I bought it. I never lost out . .



Sellers strikes, buyers strikes :huh: either $oite or get off the pot and rent forever.